Addressing the Turnover in Hospitality
Hospitality is still recovering from the Covid-19 pandemic, even five years on. As business travel in particular has shifted, leaders in hospitality are looking for ways to keep staffs engaged without adding overhead costs.
Adding to the strain: employee turnover. Hospitality has some of the highest turnover among frontline industries.
According to the Bureau of Labor Statistics, the Leisure and Hospitality industry has replaced a staggering 92% of their workforce (calculated by hires and separations).
Download the whitepaper to learn why financial flexibility is a big perk in cutting down employee churn. There's a reality of money stress permeating workplaces around the country. Find out why employers are equipping their staffs with earned wage access (EWA) to help fill gaps between paydays.
Did you know:
- 78% of Americans are living paycheck to paycheck
- 1 in 4 workers report a decrease in productivity because of financial stress
- Half of employees said having access to their pay on-demand helped avoid new debt
Get the free whitepaper to find out how earned wage access is helping staffs and businesses everywhere.
1: US Bureau of Labor Statistics, 2023
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On-Demand Pay
The Employee Benefit that Benefits Businesses
It has been the easiest implementation I've ever done, and I've done quite a few of them. Honestly, it felt like I did next to nothing.
Holly Lasitis
Accounting & HR Manager, M&J Management
As a department of one, if there's a heavy lift, it doesn't make sense for our organization. There's no heavy lift with Tapcheck.
Shara Kriesl
Director of HR and Payroll, Gym Management Services
This benefit is hands-off, it helps the employee, it's fully integrated, and it doesn't cost the company. It's a no-brainer.
Alan Barrington
Head of HR at Stonebriar Auto Services
"As a department of one, if there's a heavy lift, it doesn't make sense for our organization. There's no heavy lift with Tapcheck."
Shara Kriesl
Director of HR and Payroll, Gym Management Services
"It has been the easiest implementation I've ever done, and I've done quite a few of them. Honestly, it felt like I did next to nothing."
Holly Lasitis
Accounting & HR Manager, M&J Management
This benefit is hands-off, it helps the employee, it's fully integrated, and it doesn't cost the company. It's a no-brainer.
Alan Barrington
Head of HR, Stonebriar Auto Services, a Jiffy Lube Franchise
This benefit is hands-off, it helps the employee, it's fully integrated, and it doesn't cost the company. It's a no-brainer.
Alan Barrington
Head of HR, Stonebriar Auto Services, a Jiffy Lube Franchise
Tapcheck has been the easiest implementation I've ever done, and I've done quite a few of them. Honestly, it feels like I did next to nothing
Holly Lasitis
Accounting & HR Management, M&J Management, a McDonald’s Franchise
You're either going to pay for something with your time or your money. Tapcheck is one of the very few companies that didn't cost me either.
Eli Collier
Franchise Owner, HomeWell Care Services
As a department of one, if there's a heavy lift, it doesn't make it a lot of sense. I'm the one handling onboarding, offboarding, performance; so it needs to be easy. There's no heavy lift with Tapcheck
Shara Kreisl
Director of Human Resources and Payroll, Planet Fitness
Just go for it. It doesn't cost you anything, and it makes a huge difference for employees living paycheck to paycheck. It's a great asset for any facility.
Aaron Shapiro
Payroll Director, Vertex Consulting Group
The connection between financial wellness and their overall wellbeing, sometimes it's as vital as: 'I don't have $50 to go to the urgent care, so I'm just going to let this infection get worse'. It would be detrimental for a lot of our communities if we didn't have this kind of benefit
Amanda Wickert
VP of Engagement, Navion Senior Solutions
Tapcheck has helped us with retention. Our employees are calling out of work less because they can get the funds they need before payday to take care of whatever it is they need.
Cathy Remedies
Director of Operations Services, R2 Restaurants, a Taco Bell Franchise
Tapcheck is one of the easiest, most user-friendly platforms in payroll processing that I use in my expertise of work.
Becki Carpenter
Payroll Director, TJ Wolf, a McDonald’s Franchise
Tapcheck really assured me that they were going to be there when we needed it. We've had nightmare situations before, but Tapcheck was right there with us.
Alexia Lucero-Kendall
Payroll Supervisor, Sweetwater Care
Integration is a breeze and there is very little for me to do on my end, but whenever I do have a question, the Tapcheck team is responsive and friendly.
Renate S.
General Manager
Payactiv was void of relevant financial content and generally not user-friendly. In over two years with Payactiv, our staff had transferred just under $800k. In the nine months since moving to Tapcheck our staff has accessed over $4MM and the feedback has been exceedingly positive.
Soly A.
VP of People
Using Tapcheck is easy and just awesome — a life saver. Highly recommended to anyone who wants to get the paycheck early.
Yuri B.
With Payactiv, we were fielding several calls from our caregiving staff having issues accessing their money. From a management perspective, this was clogging our operations and frustrating because we couldn't efficiently connect them with Payactiv to resolve their issues
Matthew O.
Community Liaison
Excellent product with outstanding service. The team at Tapcheck made the process so simple. Integration was seamless and virtually hands-off for me.
Jarrod P.
Owner
Payactiv wasn't able to verify employee data regularly, even though we sent them a daily file. They were requiring us to send another daily email with every employee change. Errors were made on employee accounts, they didn't process our time files efficiently, and our employees became frustrated with the system.
Monica C.
Director of Accounting
Great way to get your paycheck when you need it! Especially if you get paid every other week & bills come due before payday. Low fees, fast, reliable service.
Sherri K.
Tapcheck attracts applicants to us! This featured benefit also attracts applicants to choose our agency over others. We are happy to have this partnership!
Kathy D.
HR Manager
I love every experience with Tapcheck, it's easy to use and understand. I can get money from my check in a pinch, and I save money in late fees by not having to wait till payday to pay a bill.
Stacy
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